Welcome to News Discussion's Private Community

Summary of layoffs at startups

Product Marketing Manager

Summary of layoffs at startups- Grapevine

In your experience, what are some early signs that help detect incoming layoffs at a startup?

 It could be company-wide, team specific or in a particular function only.

Layoffs at startups: Early signs or warning signals

Hiring freeze, decreased marketing spend, founding team retreating away from day to day activities and meetings

Product Manager

Software Developer

Welcome to Indian Startups's Private Community

Tell your story and how you felt after seeing that mail or listening about the news.

Indian startups should chase profitability instead of playing bigger fool game theory.

40k+ laid off in startups.

Senior Consultant

Startups with the highest number of layoffs so far since 2022 (just top 11 add up to ~13k) 😨

Corporate Strategist

Employees who are top performers are laid off. 
Employees who are in a firm for a long time are laid off. 
Employees who are freshers are laid off. 
Employees from IIMs/IITs are laid off. 
Employees who work just to get the job done are laid off. 
Seniors are laid off. 
Juniors are laid off
Hard working employees who get good ratings and give extra hours are laid off. 
Bad peforming ones are obviously laid off. 

Is there anyone who is safe. It's just at the mercy of few decision makers at the top and no matter what you do you will never be safe. 

Now I understand why parents say that government job is better.

Is there a pattern in layoffs

Business Analyst

https://www.businesstoday.in/entrepreneurship/news/story/startup-layoffs-sequoia-backed-smallcase-lays-off-4-employees-374171-2023-03-20

Smallcase layoff 4% (15 ppl)

Software Engineer

Welcome to Office Gossip's Private Community

Happened at one of the startups in Indiranagar which is into halal personal care products. Recently raised funds upwards of $50m dollars. Huge number os sales team had been asked to go.

Layoffs disguised as resignations

Layoffs are happening at Sharechat starting today.
Each division is being asked to join a call and they are being announced.
First call with product org - around 50 folks were impacted

Layoffs at Sharechat.

They moved to a new massive swanky Office 3 months ago. Team parities were happening even last week. And they do this in last week of the year spoiling the new year plans of hundreds of folks!

Channel Sales

Why: I know that with all the job layoffs happening, it's kinda stupid to quit but I just can't. After almost a decade in the startup scene I'm taking a break, probably for good. 

From AI to B2C to ed-tech and more I have worked with startups at every stage of growth and across sectors. Almost in every one of these w/o exception, I have experienced burnout, mindless pressure, and being underpaid because I'm not from an IIT or IIM. 

Context: I love technology, I have been a sci-fi nerd since school and I threw myself into the stories of startups changing the world. But because of family finances and the overall culture of startups I haven't taken a break in about 10 years and it's starting to show. 

I don't have savings to last me more than 3-4 months but at this rate I'll end up checking out of society. 

Unsolicited advice: 
1) Most startups and the VCs that back them know they're going to fail but don't internalise their failure as yours. 
2) Always, always take care of your mental + physical health. Doesn't matter if you're intern and you're expected to slog 12-15 hours in the name of learning. 
3) I missed moments with my ageing mom and dad, school friends and just time to read and relax because I was afraid of missing out on "networking" and "office night outs". Fuck all that, it is and it will always be family and frit first. 


Finally, Fuck all you hustle bro CEOs, they have done more to damage the mentor health of a generation more than any politician. I feel stupid and useless because you can't help posturing and creating panic in the name of disruption. Hope AI takes your jobs too. 

PS: See you on the other side.

I'm laying myself off. Indian start-ups have killed my sense of purpose

Why do some startups lay off people even when they know that they'll be raising money soon via new funding?

Case in point: Dunzo

Are these employees given severance? Or is it just that Hi, Hello, Today is your last day, thank you, bye that you see most startups do?

What are your thoughts on this?

Funding and layoffs

Program Manager

50% layoff at a Bangalore  based health tech startup. Founder had no shame or guilt. Has raised funding recently but chose to fire people again. This is the third layoff in the last 1.5 years. Terrible management, declined variable pay. Severance is to paid in the next 4 months. Just trying to pivot the company into ‘AI’ without any plan whatsoever.

Massive Layoffs at HealthTech Startup

HealthifyMe is the Startup. They are having other PR articles to cover this shit now

Growth Manager

Startup founders logic behind layoffs

One more round of layoffs at a Chennai based saas startup

Customer Success

Welcome to Software Engineers's Private Community

Next month I will be getting laid off. Our startup is shutting down because of no funding I am a frontend dev there it's almost 5months I have been working there before that I worked for 8 months as a frontend intern in another startup.
My question is what is the main platform I need to focus on or any technique or anything you want to say that might help me to find a new job pls do comment It would be super helpful. If you were in my position what step you would take or any technique you would use that might help you to get a job easily without waiting for months?

Layoff guide

I am seeing lots of startups are firing these days even previous year it was happening.

Would like to know the mindset of employees who got saved. Like to know what goes inside your head. How do you deal with this situation as it can happen with who got saved somehow, etc etc

What is the morale of employees in company where layoff happens

Android Engineer

"Healthtech startup implodes, axes 3/4 of workforce after lavish Series-C funding round! Upper management rewards themselves with director-level promotions, while loyal employees are left in the lurch. In a ruthless move, the company offers a two-month notice period but refuses to provide termination letters, forcing employees to quit and forfeit their rightful severance pay. The very same employees who contributed to the startup's success are now callously discarded, leaving many wondering if greed and betrayal are the new industry standards."

Hint - it's amongst one of the biggest emr platform and says doctor first approach.

Layoff news - Major healthtech startup

Company - Healthplix technologies 
 Yes the news is real, I have a couple of freida there in sales, support, tech and marketing. 
  
 All of them had a meeting with HR today and we're told June would be your last day working day.

Support Specialist

80% laid off ? Seriously ?

I was working at a Start-up more than a year back. We were required to either raise funds or do something else, against what we wanted to do, to move forward. 

One day, the co founders got us on a call (<10 people team), and explained the situation to us. 

Either an acquisition or a round of funding was the only chance. We hadn't raised any round up until then. 

Unfortunately, we had to bid goodbye to something that we were passionately working on.

Lay-offs!

But, we got 2 months notice. And on top of that, we were encouraged to prepare for interviews throughout those 2 months (while giving minimal importance to work). 

I literally cried multiple times because of the thought of having to leave the amazing team. 

The founders helped us with all the support, and made use of their network to help us get through as well. We're still in touch with the team, and all of us are at relatively good positions now. 

(Although anonymous, just wanted to share this out there with all of you folks. And I try to 'help it forward' as much as possible)

Good layoffs!

- Airmeet has laid off around 80% of its tech team in its third restructuring in 16 months.
- The layoffs also impacted employees from the product and design teams, totaling around 30 employees or 20% of the workforce.
- The restructuring is part of a cost-cutting measure as the startup struggles to increase revenue post-pandemic.
- Airmeet is shifting focus to a new AI-powered product, moving away from its event management platform.
- The impacted employees will receive severance packages based on their notice periods. 

 Source: [Inc42](https://inc42.com/buzz/airmeet-undertakes-another-restructuring-exercise-fires-80-tech-team/)

Summary of layoffs at startups

Discover More

Layoffs on

by Dezi Dean

Startup

Layoffs at startups: Early signs or warning signals

Indian Startups on

by Jordon Carmden

TCS

40k+ laid off in startups.

Layoffs on

by Aaron Dean

Series A Startup

Startups with the highest number of layoffs so far since 2022 (just top 11 add up to ~13k) 😨

Layoffs on

by Jordon Vernon

Stealth

Is there a pattern in layoffs

Layoffs on

by Kalan Carmden

Plivo

Smallcase layoff 4% (15 ppl)

Office Gossip on

by Kalan Lee

Student

Layoffs disguised as resignations

Layoffs on

by Jordon Nadeen

Stealth

Layoffs at Sharechat.

Indian Startups on

by Jordon Lee

Stealth

I'm laying myself off. Indian start-ups have killed my sense of purpose

Layoffs on

by Jordon Lee

Stealth

Funding and layoffs

Indian Startups on

by Jordon Nadeen

Startup

Massive Layoffs at HealthTech Startup

Memes on

by Jordon Lee

Series A Startup

Startup founders logic behind layoffs

Layoffs on

by Coy Nadeen

Stealth

One more round of layoffs at a Chennai based saas startup

Software Engineers on

by Jordon Everett

Stealth

Layoff guide

Indian Startups on

by Kendall Carmden

Vedanta

What is the morale of employees in company where layoff happens

Layoffs on

by Jordon Dean

Stealth

Layoff news - Major healthtech startup

Layoffs on

by Dezi Nadeen

Not revealing

80% laid off ? Seriously ?

Layoffs on

by Dezi Nadeen

Target

Good layoffs!

News Discussion on

by Dezi Carmden

Grapevine

Prosus-Backed Airmeet Fires 80% of Tech Team in Major Restructuring

Layoffs on

by Karilyn Denver

Meesho

Unfortunate, another layoff at a startup :(